Lee J. Felgar

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President

Lee Felgar joined Pennrose as President of Pennrose Management Company in February, 2014. As President, Mr. Felgar oversees the company’s professional management services for Pennrose’s affordable, market rate and senior residential communities. He is responsible for setting the strategic direction of the organization, building competent leadership teams that successfully execute in a highly results-oriented environment, achieving and exceeding asset management and investment objectives, and managing all aspects of the company’s operations.

Mr. Felgar joined Pennrose after serving as president of Boston-based Preservation Housing Management, LLC, the housing operations company of Preservation of Affordable Housing. Prior to that, he held senior executive positions with Volunteers of America, as well as with the National Housing Partnership, Cardinal (later part of Equity Residential), and other conventional and affordable multi-family ownership, development and management companies across the country. Mr. Felgar has worked as a manager, asset manager and developer of multi-family real estate in 22 states and Puerto Rico. His background includes extensive experience in organizational development and reorganization.

Mr. Felgar graduated from Pennsylvania State University and holds an MBA from Suffolk University in Boston, with additional coursework at MIT and Duke University.